Exhibit 2-1 Refer to Exhibit 2-1

question 2

Multiple Choice

Exhibit 2-1 $\begin{array}{lll}\text { Total Linbilities } & \text { Total Assets } & \\\$ 60,000 & \$ 100,000 & \text { Begiming of the year } \\\$ 325,000 & \$ 500,000 & \text { End of the year }\end{array}$ Refer to Exhibit 2-1. What is net income, assuming $50,000 of stock was issued and $25,000 of dividends were paid?

• A) $110,000
• B) $150,000
• C) $190,000
• D) $15,000

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Definitions:

Organic Product

A compound that results from the chemical reactions between molecules containing carbon.

Reaction

A chemical process in which substances interact, leading to the transformation into other substances.

Structure

The arrangement of atoms within a molecule, determining its shape and properties.

Product

A substance that is formed as a result of a chemical reaction.